Broker seals GM Loan Fund deal
AN insurance company is to hire more staff to target new customers after agreeing a funding deal.
Old Trafford-based J&A Brokers will borrow £150,000 from The Greater Manchester Loan Fund to hire additional staff in business development roles and provide working capital to help take the business through its next growth phase.
Founded in 2009, the business is led by experienced insurance professionals John Greene and Alan Jones. The business, which provides personal and commercial insurance, has amassed a strong client base with high retention rates.
It also benefits from being a member of the Willis Commercial Network. As the 4th largest broker in the world, its platform provides J&A with access to specialist schemes and products not normally available to smaller firms.
Managing director John Greene said: “J&A Brokers is in an exciting phase of growth and this investment will allow us to develop the size of our business and continue to offer a market leading service for commercial businesses.
“We have come a long way in a short period of time, which is a testament to the dedication and quality of our staff and the service we provide to our customers. We are excited to be partnering with the Greater Manchester Loan Fund and utilising its investment to drive further business success.”
Alex Rothwell, investment manager at Maven Capital Partners which manages the GM Loan Fund added: “We are delighted to be able to support J&A Brokers and help them realise their ambitions for the business. John and the team have established a strong a growing business in a relatively short period of time, by delivering outstanding service to their customers.
“Finance from the GMLF will help J&A capitalise on the success they have had to date and we look forward to working with the company to help them grow further.”
